Authors :
Aisha Y. N; Ebile, A; Jide,. O
Volume/Issue :
Volume 9 - 2024, Issue 2 - February
Google Scholar :
https://tinyurl.com/2erkdj36
Scribd :
https://tinyurl.com/ycxp66vc
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24FEB617
Abstract :
Several policy measures were targeted and
adapted by governments globally to achieve and rapidly
increase sustainable economic growth. In view of that,
economies acclimatize to both monetary and fiscal policies
in order to improve economic performance. A country's
economic growth is an element of intuitive impacts of
changing worldwide and homegrown powers. Attracting
foreign financial inflows is one major policy strategy that
the government has used, particularly in developing and
emerging economies, to accelerate economic growth. This
concentrate hence notices the Effect of Unfamiliar
Economic Inflows, dominatingly, the degree to which
Foreign Direct Investment, Foreign Portfolio Investment,
Foreign Public Debts and Foreign Personal Remittances
broadly control financial growth in Nigeria from 2000-
2021. The review utilized the Autoregressive Distributed
Lag (ARDL) model to assess the information acquired.
Discoveries uncovered that Foreign Direct Investment
inflow altogether influences economic growth in Nigeria,
and there is no huge long run connection between Foreign
Portfolio Investment and financial growth in Nigeria.
Besides, it was found that long run negative relationship
exists among Settlement and Outer Public Obligation and
economic growth in Nigeria. Last but not least, the study
suggests that economic managers devise measures that will
make it easier to mobilize more domestic investment to
lessen the uncertainty that may accompany foreign
investment during periods of local or international
economic crises. In a similar vein, when making decisions
that have an impact on the expansion of the economy,
policymakers must take into account the potential benefits
as well as the potential dangers associated with
remittances.
Keywords :
Foreign Financial Inflow, Foreign Direct Investment, Foreign Aid, Sustainable Economic Growth, Nigeria.
Several policy measures were targeted and
adapted by governments globally to achieve and rapidly
increase sustainable economic growth. In view of that,
economies acclimatize to both monetary and fiscal policies
in order to improve economic performance. A country's
economic growth is an element of intuitive impacts of
changing worldwide and homegrown powers. Attracting
foreign financial inflows is one major policy strategy that
the government has used, particularly in developing and
emerging economies, to accelerate economic growth. This
concentrate hence notices the Effect of Unfamiliar
Economic Inflows, dominatingly, the degree to which
Foreign Direct Investment, Foreign Portfolio Investment,
Foreign Public Debts and Foreign Personal Remittances
broadly control financial growth in Nigeria from 2000-
2021. The review utilized the Autoregressive Distributed
Lag (ARDL) model to assess the information acquired.
Discoveries uncovered that Foreign Direct Investment
inflow altogether influences economic growth in Nigeria,
and there is no huge long run connection between Foreign
Portfolio Investment and financial growth in Nigeria.
Besides, it was found that long run negative relationship
exists among Settlement and Outer Public Obligation and
economic growth in Nigeria. Last but not least, the study
suggests that economic managers devise measures that will
make it easier to mobilize more domestic investment to
lessen the uncertainty that may accompany foreign
investment during periods of local or international
economic crises. In a similar vein, when making decisions
that have an impact on the expansion of the economy,
policymakers must take into account the potential benefits
as well as the potential dangers associated with
remittances.
Keywords :
Foreign Financial Inflow, Foreign Direct Investment, Foreign Aid, Sustainable Economic Growth, Nigeria.
